Market Trends of UK Critical Infrastructure Protection Industry
This section covers the major market trends shaping the UK Critical Infrastructure Protection Market according to our research experts:
Risk Management Accounts for Significant Share
- Incidents, such as cyberattacks and international cyber warfare, are helping in increasing the awareness about cybersecurity threats, and these are expected to create a demand for the CIP (Critical Infrastructure Protection) solutions in the country. According to the figures from the global insurer, Hiscox, the small businesses in the United Kingdom are the target of an estimated 65,000 attempted cyberattacks every day. As per Hiscox’s study in 2019, the UK businesses reported an increase in cyber incidences from 40% to 55%.
- Further, in the UK, 44% believe cyber attacks on critical infrastructure are a far greater threat, with telecoms ranked as the most vulnerable component of critical national infrastructure, followed by energy and electricity networks. The legislation on cyberattacks, framed in 2013, was accepted by the United Kingdom and Ireland. For the past few years, the United Kingdom has been cooperating with government bodies and industries to put appropriate protections.
- Also, the Financial Services sector represents a vital component of the UK's critical infrastructure. In the UK, the average cost of a data breach has grown to nearly GBP 2.7 million, source according to IBM, and according to Institute of Criminal Justice Studies, the average investment of United Kingdom business in cybersecurity in 2019 was highest in Finance/Insurance with the total amount of GBP 22050, and currently in 2020, the attacks are still not being slowed down.
- In March 2020, the London-based fintech company, Finastra, has reported a ransomware attack that prompted the company to shut down its servers and caused disruptions to its global operations as the Finastra risk and security services team has detected abnormal activity on their systems. These instances significantly drive the demand for CIP solutions.
- Further, players are focused on research to address the cyber breach situation. In September 2019, BAE Systems partnered with RUSI on the cybersecurity research program. The RUSI is a newly formed Cyber Security Research program at the Royal United Services Institute (RUSI). Over the next few years, this RUSI-led program is expected to bring a focus on research to support the United Kingdom and the international strategic responses in the cybersecurity domain.
- Also in March 2020, Vodafone announced its offering of Protective Monitoring for threat detection and prevention with managed firewall (for remotely managing, monitoring, and supporting firewalls to ensure optimal strength and resilience) and managed security services to ensure that businesses get the right kind of support and get prevented by a cyber breach.
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Video Surveillance Security System to Witness Significant Growth
- In the United Kingdom, Center for the Protection of National Infrastructure (CPNI) takes the lead in advising critical infrastructure companies on protecting their assets in the Energy sector, transportation sector, etc., by using video surveillance providing smart operation and efficient maintenance of the building, which is vital for the infrastructure protection.
- Further, with today’s security climate of global terrorism, there is a need to combat threats to infrastructure security. For this, it is crucial to collect high-quality close‐up video evidence of when, where, and how the security of a remote site was breached, causing considerable loss and damage. UK’s National CCTV Strategy Board has recommended the use of Viseum cameras in their latest National CCTV Strategy Report.
- In January 2020, Viseum’s CCTV security and surveillance announced its patented surveillance. Viseum’s camera automation targets people by their location and behavior related to their surroundings, and even then, only the pertinent video of related faces and activity is accessible. It has two typical modes of operation for access to video data under Viseum Community SafetyWatch privacy protocols, which are Standalone CCTV Security and Proactive Surveillance.
- Also, the increasing government initiatives by the government and the related regulatory bodies to instill new laws and regulations regarding the surveillance and the usage surveillance systems are expected to fuel the growth of the market.
- For instance, in June 2019, the UK government announced a new security standard for surveillance cameras with the view to combat attacks launched by infected camera systems, in a move to instruct the manufacturers of surveillance camera systems and components to ensure that surveillance equipment is secure against unauthorized access by default.
- Further various vendors are offering the solution in the physical security domain in accreditation to the regulations posed by the UK government and allied forums. For instance, in December 2019, a CCTV camera manufacturer, 360 Vision Technology, announced a Predator ‘all-in-one’ PTZ range receiving accredited Vision HS camera solution. It was certified to have completed the CAPSS approval process by the Centre for the Protection of National Infrastructure (CPNI).
